Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    640 Main NE St Palmyra, IN 47164-8894

    • Retail space
    • 13,920 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US31-1558413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 640 Main NE St

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    13,920 SF
    Property type
    Retail space
    APN
    31-03-19-402-001.000-014
    APU
    310319402001000014

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Harrison
    State
    Indiana
    Longitude
    -86.1115
    Latitude
    38.4088
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,229
    $22,300
    $202,700
    $225,000
    -
    $22,300
    $202,700
    $225,000

    Comparable in this City

    • Value Estimation by Request
      1,040 SF

      13810 Martin Mathis NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,040 SF
      13810 Martin Mathis NE Rd, Palmyra, IN 47164-8316
      View Details
    • Value Estimation by Request
      1,820 SF

      785 Main NE St

      RETAIL STORES (PERSONAL SERVICES) • 1,820 SF
      785 Main NE St, Palmyra, IN 47164
      View Details
    • Value Estimation by Request
      3,344 SF

      455 Hwy 150th NW

      RETAIL STORES (PERSONAL SERVICES) • 3,344 SF
      455 Hwy 150th NW, Palmyra, IN 47164-8005
      View Details
    • Value Estimation by Request
      1,500 SF

      950 Main NE St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      950 Main NE St, Palmyra, IN 47164-8897
      View Details
    • Value Estimation by Request
      3,224 SF

      689 Haub NE St

      RETAIL STORES (PERSONAL SERVICES) • 3,224 SF
      689 Haub NE St, Palmyra, IN 47164-8849
      View Details
    • Value Estimation by Request
      2,448 SF

      805 Main NE St

      RETAIL STORES (PERSONAL SERVICES) • 2,448 SF
      805 Main NE St, Palmyra, IN 47164-9998
      View Details

    Similar Nearby for Sale

    • $175,000
      0.34 Acres

      Palmyra Business Opportunity: Historic Charm

      Unique 1900s building, renovated, ample parking.
      14285 Greene St, Palmyra, IN 47164
      View Details
    • $59,900
      0.86 Acres

      Residential Lots in Palmyra, Indiana

      Residential lots with utilities and alley access in Palmyra.
      14025 Greene St NE, Palmyra, IN 47164
      View Details
    • $325,000
      0.48 Acres

      Prime Palmyra Restaurant Opportunity

      Established Restaurant, Turnkey Operation, 0.48 Acres
      850 Main St, Palmyra, IN 47164
      View Details
    • $199,500
      55.88 Acres

      Palmyra Vacant Land For Sale

      55+ acres with highway frontage in Palmyra, Indiana.
      13520 Grn Chevy Dr, Palmyra, IN 47164
      View Details
    • $39,500
      1.17 Acres

      Residential Building Lot Near Highway

      Residential land near Palmyra, Indiana, ideal for building a home.
      Tree Dr NW, Palmyra, IN 47164
      View Details
    • $50,000
      0.19 Acres

      Palmyra, IN Vacant Commercial Lot

      Vacant commercial lot in Palmyra, Indiana, near landmarks.
      831 Main St NE, Palmyra, IN 47164
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 Main NE St
    Palmyra, IN 47164-8894
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.